For the month of November 2011, there were 4 significant sales in Aspen that included 501 West Buttermilk Road that sold for $6 million, 9 Pyramid Road for $8.67 million, 151 Nighthawk Drive on Red Mountain for $15 million, and 24 Little Cloud for $16.05 million. All sales were 5 plus bedrooms and over 7,500 square feet. This year for 2011 there have been a total of 22 luxury home sales over $8 million.
Overall there were 19 residential sales that closed at 86% of list price at $981.00 per square foot for the month of November. There are currently 43 additional properties at an average price of $2.4 million that are under contract. Aspen / Snowmass real estate continues to perform remarkably amidst economic uncertainty and global unrest.